Insurance Australia Group Limited Overview
Pro stress-test →Insurance Australia Group is the biggest domestic general insurer by gross written premium operating in Australia and New Zealand. The company offers personal and commercial insurance products sold through direct and intermediated channels, with a strategic focus on profitable growth and margin expansion.
Strategic Profile
Pro stress-test →IAG reported strong performance in H1 2026 with net profit after tax exceeding AUD 500 million and underlying insurance profit of AUD 804 million with a 15.1% margin. The company recently completed the RACQ acquisition, adding over 800 employees, positioning it for expanded market presence in Western Australia and enhanced distribution capabilities.
Competitive Landscape
Pro stress-test →IAG is the largest domestic general insurer in Australia and New Zealand, operating in home and contents, motor vehicle and compulsory third party, and short-tail commercial insurance markets. The competitive landscape features digital-native challengers and niche competitors, though IAG maintains market leadership through scale, distribution networks, and brand strength.
Industry Context
Insurance Australia Group Limited operates in General Insurance / Property & Casualty Insurance.
Key facts
Founded: 1980 · Headquarters: Sydney, Australia · Employees: ~7,000+ · Revenue: ~AUD 17.86B (annualized GWP) · Market cap: $18.45B